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APAC held a major share of the power electronics ecosystem, worth 42.11%, in 2013; it is expected to be at the same position across the forecast period, followed by the Americas and Europe.
(PRWEB) July 14, 2014
According to a new market research report "Power Electronics Market by Substrate Wafer Technology (GaN, SiC, and Others), Devices (Power IC, Power Module & Power Discrete), Applications, and Geography - Analysis & Forecast to 2014 - 2020", the Power Electronics market is expected to boom in the near future. The power electronics market is valued at $36.86 Billion and expected to grow at a CAGR of 7.74% from 2014- 2020. The report also includes an in-depth analysis of the applications and geography.
Browse 70 Market Data Tables and 65 Figures spread through 300 Pages and in-depth TOC on "Power Electronics Market."
Early buyers will receive 10% customization on this reports.
MarketsandMarkets report presents the important segmentation based on the power electronics devices that include power discrete, power IC, and power modules. All the mentioned devices are used for the integration of the materials that go into the manufacturing of components and devices. Additionally, the major manufacturer of electronic components and devices are found in the APAC region, making it the market leader in the power electronics ecosystem.
The Power Electronics Market is a very dynamic market and entails a great potential across many industry verticals. The advancements in technology due to the never ending R&D in this sector, makes it one of the prominent segments in the current industrial scenario. The power electronics devices have been experiencing continuously developments right since their inception. The substrate technology has a major role to play in this sector due to the cost effective matrix, and results into a longer life cycle of devices and systems, along with greater reliability. The highlighting features of the power electronics devices include high efficiency, better properties to withstand rough environmental conditions, and a longer life that is best suited for the industrial, power,aerospace, and defense applications.
The APAC holds the crown for being the market leader in the overall ecosystem. APAC is followed by the Americas, Europe, and ROW. The major reason for APAC being the market leader is the fact that most of the electronics and semiconductor manufacturing is done in APAC nations; therefore,APAC is also said to be the hub of the power electronics market. The manufacturing of components and devices is done on a large scale as the cost of labor and operations is very low in the APAC countries as compared to other regions of the globe. The APAC region consists of countries such as Japan, China, Korea, Taiwan, and the others; including Indonesia, India, Malaysia, and Singapore.
This report describes the market trends, drivers, and challenges with respect to the Power Electronics Market and forecasts the market up to 2020. This global report gives a detailed view of the market across various geographies, namely - The Americas (North America and South America), Europe (U.K., Germany, and others), the Asia-Pacific (China, Japan, Korea, Taiwan, and others), and ROW (Middle East and others). Asia-Pacific is the largest geography in terms of the power electronics market value. Americas has been identified as the fastest growing region and a leader in the power electronics systems, with the U.S leading the way. Europe also has a very promising market, comprising Germany and the U.K., while the ROW also bestows an impetus to the growth of this market. The report profiles 10 promising players in the power electronics market ecosystem.
The competitive landscape of the market presents a very interesting picture, where a large number of small players have become forces to reckon with. The market is witnessing large scale collaborations and partnerships across the value and supply chain,among the number of tier-one players around the globe.
Major players in this field includes: Texas Instruments Inc. (U.S), Vishay Intertechnology Inc. (U.S), Infineon Technologies AG (Germany), NXP Semiconductors (U.S), Fairchild Semiconductor (U.S), Microsemi Corp. (U.S), Toshiba Corp. (Japan), Hitachi Co., Ltd (Japan), and Mitsubishi Electric Corp. (Japan) among others.
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